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Expect to pay more at the pumps

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Petrol price to rise by 19 c/l

File picture: Neil Baynes / Independent Media.

Motorists can expect to pay 19c/l more for petrol come August 3.

The Department of Energy yesterday announced its fuel price adjustments for August
2017. 
The price of diesel will increase by 29-30 c/l and paraffin by 26 c/l.
The department of mineral and energy affairs said in a statement that various factors played a role in the adjustment including the Rand which depreciated slightly, on average, against the US Dollar during the
period under review. 
“This led to higher contribution to the Basic Fuel Price on
petrol, diesel and illuminating paraffin,” the statement said.
Another reason given by the department was the prices of petroleum products in the international markets 
“The prices of petroleum products increased, on average, in the international
markets in line with the higher crude oil prices. The rude oil prices rose, partly
on drawdowns of global inventories including in the closely watched US market.
The market has been anticipating a return to balance at some point this year and
there are signs now that it is happening,” it said.
Based on current local and international factors, the fuel prices for August 2017 will
be adjusted as follows: 
 Petrol (95 Octane, ULP and LRP): 19.00 c/l increase
 Petrol (93 Octane, ULP and LRP): 19.00 c/l increase 
 Diesel (0.05% sulphur): 29.00 c/l increase
 Diesel (0.005% sulphur): 30.00 c/l increase
 Illuminating Paraffin (wholesale): 26.00 c/l increase
 SMNRP for IP: 35.00 c/l increase
 Maximum LPGas Retail Price: 40.00 c/kg increase